CDS Crypto News Crypto News Today- Prominent Athletes Resolve Voyager Crypto Promotion Lawsuit, Agreeing to $2.42 Million Settlement
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Crypto News Today- Prominent Athletes Resolve Voyager Crypto Promotion Lawsuit, Agreeing to $2.42 Million Settlement

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Crypto News Today- Prominent Athletes Resolve Voyager Crypto Promotion Lawsuit, Agreeing to $2.42 Million Settlement

Gronkowski, Oladipo, and Cassill Settle Voyager Crypto Lawsuit for $2.42M

In a recent development that has captured attention, three prominent American sports personalities have made a collective decision to settle accusations of promoting the now-bankrupt cryptocurrency exchange Voyager Crypto. This significant agreement involves retired NFL star Rob “Gronk” Gronkowski, NBA player Victor Oladipo, and NASCAR driver Landon Cassill.

Each of these athletes has independently reached a settlement, contributing to a total sum of $2.42 million. Importantly, these settlements have been made without any admission of guilt or denial of the allegations. This decision marks a pivotal moment in the ongoing legal landscape surrounding Voyager Crypto, showcasing the individuals’ willingness to address the allegations and move forward.

NBA standout Victor Oladipo and NASCAR driver Landon Cassill have stepped up to the plate, with Oladipo pledging $500,000 and Cassill contributing $25,000 towards the settlement pool. Their combined efforts are part of a comprehensive $2.42 million settlement package designed to offer assistance to individuals in the United States who were involved in the Voyager Earn Program Account or purchased VGX tokens between October 2019 and the preliminary approval date.

Legal Fees and Scope of Settlement Agreement: Insights into Voyager Crypto Lawsuit Resolution

In addition to the substantial $2.4 million settlement, the plaintiffs are now gearing up to petition for an award of attorney fees, which is estimated to amount to approximately $792,000. These settlements represent the culmination of extensive negotiations that unfolded through multiple mediation sessions, each aimed at fostering constructive dialogue and reaching mutually beneficial resolutions.

Throughout these negotiations, the primary focus was on addressing pivotal issues central to the case, particularly concerning the registration status of Voyager Crypto products as securities and allegations of solicitation by the promoters to potential investors. The collaborative efforts exerted by all parties involved in these discussions signify a significant milestone in the ongoing legal proceedings, highlighting a collective commitment to finding common ground and resolving the intricate legal complexities at hand.

As the legal process continues to unfold, the agreements reached through mediation represent a significant turning point in the trajectory of the Voyager Crypto promotion lawsuit, offering hope for a path towards resolution and closure for all parties involved.

Mark Cuban Continues as a Defendant in Legal Proceedings

While Rob Gronkowski, Victor Oladipo, and Landon Cassill have come to settlements in the Voyager Crypto promotion lawsuit, it’s crucial to highlight that the central figure in this legal saga, Dallas Mavericks minority owner Mark Cuban, remains firmly within the folds of the legal battle.

Despite the resolution reached with other involved parties, Cuban’s role in the lawsuit persists, with a scheduled deposition slated for February as part of his defense. Looking ahead, the trial involving Cuban and the Dallas Mavericks is marked for November 2024, indicating a prolonged legal journey yet to unfold. These unfolding events underscore the intricate and protracted nature of the legal wrangling surrounding the Voyager Digital promotion, revealing layers of complexity within the legal framework. As this narrative continues to evolve, stay tuned for further updates on this captivating legal saga.

What Is Voyager Crypto (VGX)?

Voyager stands out as a broker mobile application that empowers users to seamlessly engage in buying, selling, swapping, and investing in cryptocurrencies. Its availability on both iOS and Android operating systems underscores its prominence in the digital finance landscape. What sets Voyager Crypto apart is its unique approach of connecting users to various cryptocurrency exchanges and markets, providing a comprehensive platform for traders and investors to optimize their activities.

With access to over 60 cryptocurrencies and tokens within a single application, Voyager offers unparalleled convenience, facilitating financial freedom and enabling users to efficiently manage their portfolios. One of its standout features is the opportunity for users to earn solid interest on their deposits without any lock-up requirements. This feature allows users to earn compound interest on more than 30 available cryptocurrencies, including popular options like Bitcoin, Ethereum, Polkadot, Dash, and many others.

FAQs

What is the Voyager Crypto Promotion Lawsuit about?

The lawsuit involves allegations against prominent athletes for their involvement in promoting the now-defunct cryptocurrency exchange Voyager Digital.

Which athletes are involved in the settlement?

The settlement involves retired NFL star Rob Gronkowski, NBA player Victor Oladipo, and NASCAR driver Landon Cassill.

What is the settlement amount agreed upon by the athletes?

The athletes have collectively agreed to a $2.42 million settlement to resolve the accusations.

Did the athletes admit to the allegations in the settlement?

No, the athletes reached the settlement without admitting to or denying the allegations brought against them.

For the latest in crypto updates, keep tabs on Crypto Data Space.

Crypto News Today- Prominent Athletes Resolve Voyager Crypto Promotion Lawsuit, Agreeing to $2.42 Million Settlement

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